Sovereign wealth funds (SWFs) worldwide reached a record US$15 trillion in assets under management in 2025, a year in which many deepened their investments in technology and benefited from buoyant markets, according to a report by Global SWF.
State-owned investors poured a total of US$66 billion into artificial intelligence (AI) and digitalisation projects last year. Middle East sovereign wealth funds were at the forefront, with Abu Dhabi’s Mubadala Investment Co investing US$12.9 billion, followed by the Kuwait Investment Authority with US$6 billion and the Qatar Investment Authority with US$4 billion.
The Middle East remains a hotspot for sovereign fund activity. The region’s seven largest Gulf SWFs accounted for 43% of all global capital deployed by state-owned investors, investing a record US$126 billion in 2025 alone.
Globally, sovereign investors, which include other entities such as public pension funds, strengthened their position amid strong market returns across fixed income, equities, real estate, and infrastructure, the report noted.
By country, the United States leads with US$13.2 trillion in assets under management, followed by China with US$8.2 trillion and the United Arab Emirates at US$2.9 trillion.
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